The Egyptian capital market is entering a new phase of expansion, driven by the government’s initial public offering (IPO) program, a widening pool of listed firms, and new financial instruments designed to attract domestic and foreign capital, the head of the local bourse has announced.
Omar Radwan, Chairman of the Egyptian Exchange (EGX), revealed that average daily trading value over the past five sessions has surpassed EGP 12 billion. He noted that this milestone reflects robust liquidity and a significant rise in investor confidence.
As part of the state-led privatization strategy, several companies—including major firms within the petroleum sector—are currently being prepared for listing, Radwan said.
The EGX chief also emphasised the critical need to encourage small and medium-sized enterprises (SMEs) and family-owned businesses to debut on the exchange. Joining the public market, he highlighted, offers these businesses vital avenues for financing, strategic expansion, and corporate governance.
Looking ahead, Radwan underscored that digital transformation initiatives and the highly anticipated introduction of derivatives would play a pivotal role in boosting market efficiency and regional competitiveness. He reaffirmed the exchange’s ongoing commitment to maintaining stringent transparency, disclosure standards, and robust investor protection.
